One of the key tasks of BSTDB is to mobilize foreign and local capital, both public and private, for loans and guarantees in its countries of operation. Co-financing is one of the most effective ways to mobilize such funds, since co-financiers can take full advantage of the Bank’s advisory capacity, its financing and project evaluation activities as well as its in-depth knowledge of the economic strategies of its countries of operation.
BSTDB interacts with a variety of other lenders including multilateral development banks, bilateral financial institutions, export-credit agencies, official lenders or guarantors, commercial banks, and other financial intermediaries. Examples of the different forms of interaction with other lenders include:
Co-financing, especially from private sources, often results in borrowers obtaining financing to which they would not normally have access and in negotiating more favorable terms (e.g. lower interest rates or fees or longer maturates) from other lenders.
BSTDB as an international financial institution expects to be considered a preferred creditor. In its lending transactions, BSTDB should normally rank at least equal to other lenders.
- Annual Report 2015
- Basic Information Guidelines for an Operational Proposal
- BSTDB Long-term Strategy 2010-2020
- BSTDB Medium Term Strategy and Business Plan 2015-2018
- Doing Business with BSTDB
- Environmental and Social Exclusion List
- Financial Intermediaries
- Financial Sector Policy
- Guidelines for the Appraisal and Selection of Financial Inremediaries
- Operational Risk Management Policy
- Operations Cycle Policy
- Portfolio Risk Management and Investment Policies
- Questionnaire for Evaluation of Financial Institutions
- Regional Cooperation in the Black Sea
- Rules and Regulations for Financing Projects and Commercial Activities
- Semi-Annual Financial Statements for 2016
- Standard Terms and Conditions
- Supporting Small and Medium-Sized Business in the Black Sea Region
More key documents
At a Glance